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Actionable news in VRSN: VeriSign, Inc.,

VeriSign (VRSN) Shows Signs Of Being Water-Logged And Getting Wetter

Trade-Ideas LLC identified VeriSign ( VRSN) as a "water-logged and getting wetter" (weak stocks crossing below support with today's range greater than 200%) candidate. In addition to specific proprietary factors, Trade-Ideas identified VeriSign as such a stock due to the following factors:

  • VRSN has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $72.2 million.
  • VRSN has traded 119,749 shares today.
  • VRSN traded in a range 244.4% of the normal price range with a price range of $3.78.
  • VRSN traded below its daily resistance level (quality: 6 days, meaning that the stock is crossing a resistance level set by the last 6 calendar days. The resistance price is defined by the Price - $0.01 at the time of the signal).

Stocks matching the 'Water-Logged and Getting Wetter' criteria are worthwhile stocks to watch for a variety of factors including historical back testing and volatility. Trade-Ideas targets these opportunities because the stock is exhibiting an unusual behavior while displaying negative price action. In this case, the stock crossed an important inflection point; namely, "support" while at the same time the range of the stock's movement in price is twice its normal size. This large range foreshadows a possible continuation as the stock moves lower. EXCLUSIVE OFFER: Get the inside scoop on opportunities in VRSN with the Ticky from Trade-Ideas. See the FREE profile for VRSN NOW at...


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